At Fido, we believe in full transparency when it comes to fees and interest rates. Before applying for credit, you can review all applicable charges in the Fido App, helping you make an informed financial decision.
How Interest Rates Work
Fido's interest rate is determined based on the number of days you select for repayment. The standard interest rate starts at 0.478% per day and gradually reduces as you take more credit with Fido. Loyal customers can enjoy rates as low as 0.3% per day, which translates to 14.3% per month, depending on the credit amount and repayment behavior.
Personalized Rates with Your Fido Score
Your interest rate may also vary based on your unique Fido Score; a system that rewards responsible borrowing. The higher your Fido Score, the better the credit terms you enjoy with Fido.
To check your exact interest rate and fees, simply log into the Fido App before submitting a credit request.
Fido remains committed to providing simple, flexible, and fair credit options that help you achieve your financial goals.